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Incorporate In Bermuda

Price: 19,400.00 $

Introduction:

Set up a Bermuda Exempted Company / Limited Liability Company (LLC) Bermuda is a British Overseas territory and an international financial and banking hub that does not apply taxes on profits, income or dividends, capital gains nor personal income. Non-resident investors may buy or sell shares and units of investment funds without being subject to taxation. An Exempted company incorporated in Bermuda is entitled to do business outside Bermuda and shall not trade within the jurisdiction, own properties in Bermuda, and may require a license to undertake banking, insurance, assurance, reinsurance, fund management, collective investment schemes, rendering investment advice or any other activity which may suggest an association with the banking and insurance industries. Under the Exempt Undertakings Act of 1976, Exempted Companies can obtain protection from any newly enacted taxes on income or capital gains until 2035. Many Fortune 500 companies have set up a Bermuda exempted company for purposes such as holding company, holding assets, trading, manufacturing, inter-group financing, shipping, aircraft leasing and holding of intellectual property rights, among others.

In Bermuda, the two most common corporate structures are the Exempted Company, incorporated under the Bermuda Companies Act 1981 (Part X), and the Exempted Limited Liability Company (Exempted LLC), registered under the Bermuda Limited Liability Company Act 2016 (Part 3).

Bermuda Company (Exempted Company/Exempted LLC) Formation – USD 19,400.00 (All Included)

Note that our incorporation and annual corporate service fees are “all-included fees”, and cover all the required services to incorporate a Bermuda Company, and keep it in good standing, as well as government fees and duties, and disbursements. The above fees include the increase of fees payable to the BMA announced on November 2023. Exempted Company

All applicable Registration and Government Fees and Duties (Registrar of Companies, Bermuda Monetary Authority)
Preparing Memorandum of Association and Bylaws and filing the Memorandum with the Registrar
Acting as Subscriber and executing the Memorandum of Association
Providing the Certificate of Incorporation issued by the Registrar
Preparing Subscription Agreements
Preparing Director’s Acceptance Letters
Preparing and executing Subscriber Resolutions for the appointment of the first Directors
Preparing and executing the Share Transfer Instrument for the transfer of Shares from the Subscriber to the Shareholder
Preparing the First Board Resolution resolving the Issuance and Allotment of Shares, Appointment of Directors and Officers, Registered Office, etc
Preparing the Register of Directors, file the Register with the Registrar, and Providing Stamped Copy
Preparing the Register of Members and Register of Beneficial Owners
Filing the Beneficial Ownership Information with the Private Beneficial Ownership Register
Preparing and executing a Certificate of Incumbency
Providing Tax Exemption Undertaking from the Bermuda Government
Preparing the Share Certificates
Delivery of Corporate Documents, inclusive of Courier Fees

Exempted Limited Liability Company (LLC)

All applicable Registration and Government Fees and Duties (Registrar of Companies, Bermuda Monetary Authority)
Preparing and executing the Certificate of Formation, and filing such Certificate with the Registrar
Providing the Certificate of Filing issued by the Registrar
Preparing a tailored Limited Liability Company Agreement for Members’ review and execution (unlimited reviews)
Preparing the Register of Officers, file the Register with the Registrar, and Providing Stamped Copy
Preparing the Register of Members and Register of Beneficial Owners
Filing the Beneficial Ownership Information with the Private Beneficial Ownership Register
Preparing and executing a Certificate of Incumbency
Providing Tax Exemption Undertaking from the Bermuda Government
Preparing the Ownership Certificates
Delivery of Corporate Documents, inclusive of Courier Fees

Time to Form It generally takes us one day to prepare the Memorandum of Association/Certificate of Formation and prepare the related corporate documentation, around 1 week to obtain BMA endorsement, and 1 to 3 business days for the Registrar to issue the Certificate of Incorporation/Filing.